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nat cat

English translation: natural catastrophe

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:nat cat
Selected answer:natural catastrophe
Entered by: breadfly

06:15 Apr 4, 2013
English language (monolingual) [PRO]
Bus/Financial - Insurance / experts
English term or phrase: nat cat
claims handling process, on of the support functions. procedure in place,split in 3 levels and executed by a team under lead of heads
breadfly
Local time: 13:19
natural catastrophe
Explanation:
I'm sorry I didn't notice this question until now. "Nat cat" is an established short form of "natural catastrophe" (hurricanes, earthquakes, etc.), a standard term in insurance.

"In 1992, Hurricane Andrew in Florida was insurers' most expensive natural catastrophe to date, at 25 billion US dollars. Andrew pushed insurers to the limits of their risk bearing capacity, and triggered new developments in every segment: new disaster simulations and risk models were developed, more data was gathered and analyzed, risks were spread and better diversified, reinsurance capacity was expanded, and the capital market began to be tapped with what came to be known as "Nat Cat" (natural catastrophe) bonds."
https://www.allianz.com/en/press/news/business/insurance/new...

"Our client, a successful and growing reinsurance firm, is looking to expand their Natural Catastrophe team with an experienced Nat Cat Modeller for the European market - ideally within Earthquake."
http://www.theactuaryjobs.com/job/14340/natural-catastrophe-...
Selected response from:

Charles Davis
Spain
Local time: 13:19
Grading comment
thanks charles
jiri
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5natural catastrophe
Charles Davis


Discussion entries: 8





  

Answers


2 days 11 hrs   confidence: Answerer confidence 5/5
natural catastrophe


Explanation:
I'm sorry I didn't notice this question until now. "Nat cat" is an established short form of "natural catastrophe" (hurricanes, earthquakes, etc.), a standard term in insurance.

"In 1992, Hurricane Andrew in Florida was insurers' most expensive natural catastrophe to date, at 25 billion US dollars. Andrew pushed insurers to the limits of their risk bearing capacity, and triggered new developments in every segment: new disaster simulations and risk models were developed, more data was gathered and analyzed, risks were spread and better diversified, reinsurance capacity was expanded, and the capital market began to be tapped with what came to be known as "Nat Cat" (natural catastrophe) bonds."
https://www.allianz.com/en/press/news/business/insurance/new...

"Our client, a successful and growing reinsurance firm, is looking to expand their Natural Catastrophe team with an experienced Nat Cat Modeller for the European market - ideally within Earthquake."
http://www.theactuaryjobs.com/job/14340/natural-catastrophe-...

Charles Davis
Spain
Local time: 13:19
Native speaker of: English
PRO pts in category: 12
Grading comment
thanks charles
jiri
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